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> what could you have done to prevent this? realize it was too good to be true. Don't enter the rat race, be cautious about hiring. Focus business. Nothing cou

> what could you have done to prevent this? realize it was too good to be true. Don't enter the rat race, be cautious about hiring. Focus business. Nothing could have been done, because nothing needed to be done. Is there a recession? Probably. Was valuation and market expectation inflated? Obviously. Did Google overhire? looks like it. But is that the cause for the firing? Of course not. Last quarter revenue was almost 69.1B, 6.1% Y/Y. That is still an offensive amount of money. Management decided to hurt people because other companies are doing it. Here's your root cause analysis: management is beholden to fads, not facts. Layoffs don't improve performance (https://www.careerusa.org/resources/career-files/158-resources/career-files/16-must-read-articles/372-lay-off-the-layoffs.html https://www.careerusa.org/resources/career-files/158-resourc...), but the market demands it, and nobody in the c-suite has the long term vision and spine to do what is right, rather than to appease short term fads.

KerrAvon 4y ago
Yes, but I would add that we're not in a recession currently. Really. There may be one coming, but it hasn't happened yet.
- snotrockets 4y ago
  That's just makes this decision more harmful, both to the people Pichai and Alphabet management just wrecked their lives, and to the long term prospects of Alphabet the company.
- draw_down 4y ago
  [dead]
- YokoZar 4y ago
  Planet Money had an episode this week showing a poll where literally 99% of CEOs responded that they thought a recession was going to happen in 2023.
  - snotrockets 4y ago
    A story my grandma told me about bleak predictions: Where she grew up, there used to be a fortune teller that would specialize in predicting the sex at birth. But there was a catch: he'll seal the prediction in an envelope, to be opened only after the healthy baby is born. And if it'd be, in a few months time, that he was wrong, he'll refund his fee. His trick was that he always wrote "girl". Because if it was a boy, the family was so happy, they didn't bother opening the envelope.
    - AdityaSanthosh 4y ago
      Doesn't make sense. Why wouldn't they open the seal?

KerrAvon 4y ago

Yes, but I would add that we're not in a recession currently. Really. There may be one coming, but it hasn't happened yet.

snotrockets 4y ago
That's just makes this decision more harmful, both to the people Pichai and Alphabet management just wrecked their lives, and to the long term prospects of Alphabet the company.
draw_down 4y ago
[dead]
YokoZar 4y ago
Planet Money had an episode this week showing a poll where literally 99% of CEOs responded that they thought a recession was going to happen in 2023.
- snotrockets 4y ago
  A story my grandma told me about bleak predictions: Where she grew up, there used to be a fortune teller that would specialize in predicting the sex at birth. But there was a catch: he'll seal the prediction in an envelope, to be opened only after the healthy baby is born. And if it'd be, in a few months time, that he was wrong, he'll refund his fee. His trick was that he always wrote "girl". Because if it was a boy, the family was so happy, they didn't bother opening the envelope.
  - AdityaSanthosh 4y ago
    Doesn't make sense. Why wouldn't they open the seal?